Fenwick Island, DE Foreclosures
How much do homes sell for in Fenwick Island, DE?
The average home price is currently $767,875.
In Fenwick Island, DE, how many homes are available?
There are currently 432 active home listings available in Fenwick Island.
What’s the average rental cost in Fenwick Island, DE?
The average rental price in Fenwick Island is $1,814.
What is the most expensive home in Fenwick Island?
The most expensive home sold in Fenwick Island had a price of $5,751,639.
What is currently the cheapest priced home in Fenwick Island, DE?
The cheapest home for sale in Fenwick Island is priced at $40,563.
Living in Fenwick Island, DE
Fenwick Island, DE, is a charming coastal community that offers serene beach experiences and a tight-knit community feel. Known for its beautiful beaches and outdoor activities, Fenwick Island balances tranquility with access to nearby entertainment options. It has a range of residential properties and caters to both full-time residents and vacationers.
Current Market Conditions in Fenwick Island, DE
The real estate market in Fenwick Island has become increasingly competitive, with prices rising steadily due to high demand and limited inventory. The influx of buyers looking for vacation homes has led to a seller's market, where homes often sell quickly and at or above asking prices. Coastal properties, in particular, are highly sought after, driving up overall market values in the area.
Recent trends indicate that mortgage rates have impacted first-time buyers, causing a slight slowdown in entry-level home sales but not significantly affecting the luxury market, which remains robust. The demographics of buyers have shifted, with a noticeable increase in out-of-state buyers looking for summer homes as remote work becomes more common.
Home Value Estimator For Fenwick Island, DE
There are currently 1,235 real estate properties
in Fenwick Island, DE,
with a median automated valuation model (AVM) price
of $494,951.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fenwick Island, DE, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Fenwick Island, DE,
is $767,875.00, with the most expensive house
in Fenwick Island, DE, topping out
at $5,751,639.00 and the cheapest home
in Fenwick Island, DE,
clocking in at $40,563.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fenwick Island, DE!
Rent Prices
In Fenwick Island, DE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fenwick Island, DE, is on
a rollercoaster ride. The
average rent price in Fenwick Island, DE,
is $1,814.00. Indeed, when looking to rent in
Fenwick Island, DE, you can expect to pay as little
as $1,210.00 or as much
as $2,590.00,
with the average rent median estimated to
be $1,830.00. The good news is that finding
an affordable and desirable property to rent in Fenwick Island, DE
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
